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AUSTRALIA'S DEBAUCH.
On Borrowed Money.
JUDGE'S NAIVE REFEREN.
MELBOURNE/ " .;< >
.Chief Judge Dethridge, in tlie Full
.-Arbitration Court today, made re
-irarlcs Iregarding Australia's spending
or borrowed money.
. "We have been having a debauch,"
-he said, "and when people hav-?
been (having -a debauch they jdon'l
mind paying for another bottle of
?' fizz." ??
His Honor was referring to figures
quoted tin the application of the fur;
niching trades employes for a 44
hour week, to the egect that production
iu the industry in New South Wales
had doubled in the perior of i'9i9
?6, during which the. 44-hour weelc
had been in operation, ,
"I am afraid,": said his Honor
' that i those figures' are vitiated "'.* by
the fact that; we have been spending
very largely borrowed money. The:'e
has been a tremendous spending of
borrowed money. When people haiv-3
o lot. of money to spend they don't
mind ' paying 1/- or so in the : £ 1.
n.ore for articles than; they would if
they were hard-pressed to get the
money."
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